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Deeper Saudi Oil Cuts Seen After Biggest Drop Since '12: Energy
2014-09-18 03:55:34| Energy - Topix.net
Saudi Arabia will need to keep cutting oil output to sustain prices above $100 a barrel, even after the kingdom's largest reduction in two years, according to BNP Paribas SA and Societe Generale SA. The world's biggest crude exporter told OPEC last week it pumped 408,000 barrels a day less last month, about as much as Australia produces.
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